Looking to diversify beyond NQVRX? The mutual funds below have the lowest correlation with NQVRX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from NQVRX.
Best Diversifiers for NQVRX
2 mutual funds have low correlation with NQVRX (below 0.3), 0 of which are negatively correlated. The least correlated is Nuveen High Yield Municipal Bond Fund (NHMRX) (High Yield Muni) with a 1Y correlation of 0.17, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nuveen High Yield Municipal Bond Fund | 0.17 | 0.11 | 0.09 | 52 | High Yield Muni | NQVRX vs NHMRX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | 0.21 | 0.11 | 0.11 | 57 | High Yield Muni | NQVRX vs NVHIX | |
| Nuveen Preferred Securities & Income Fund | 0.34 | 0.36 | 0.36 | 79 | Preferred Stock/Convertible Bonds | NQVRX vs NPSRX | |
| Nuveen NASDAQ 100 Dynamic Overwrite Fund | 0.55 | 0.54 | 0.60 | 78 | Large Cap Growth Equities | NQVRX vs QQQX | |
| Nuveen Equity Long/Short Fund | 0.68 | 0.67 | 0.77 | 59 | Long-Short | NQVRX vs NELIX |
See all 49 diversifiers for NQVRX
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